Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Allbirds, Inc. amended Second Amendment to Credit Agreement with JPMorgan Chase Bank, N.A. valued at Committed amount increased from $40 million to $50 million; uncommitted incremental borrowing capaci (effective 2023-04-17).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A.
- Value
- Committed amount increased from $40 million to $50 million; uncommitted incremental borrowing capaci
- Effective
- 2023-04-17
Exact text from the filing
On April 17, 2023, Allbirds, Inc. (the “Company”) entered into an amendment agreement (the “Second Amendment”) with JPMorgan Chase Bank, N.A. (“JPM”), in respect of that certain Credit Agreement, dated as of February 20, 2019 (the “Credit Agreement”), by and between the Company and JPM. The Second Amendment amended the terms of the Credit Agreement to, among other things, (i) increase the committed amount from $40 million to $50 million, (ii) increase the uncommitted incremental borrowing capacity from $35 million to $50 million, (iii) increase the interest rate margin by 0.50%, (iv) extend the maturity date from February 20, 2024 to April 17, 2026 and (v) provide that a Dominion Event Date (as defined therein) shall occur on any date on which Availability (as defined therein) is less than 25.0% of the Aggregate Revolving Commitments (as defined therein).
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